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Gold/Mining/Energy
Core Gold Inc
An SI Board Since March 2006
Posts SubjectMarks Bans Symbol
1885 66 0 CGLD
Emcee:  pstad60 Type:  Moderated



















Symbol : CGLD .V

Core Gold Inc. is a Canadian based mining company involved in the exploration,
development and production of gold and silver at 3 established projects in Ecuador.

New exploration is planned for the some of the other projects the company holds in
Dynasty Copper-Gold Belt in southern Ecuador, including the Linderos Project and
the Copper Duke Project.



6 million ounces of gold and 27 million ounces of silver in 43-101 compliant resources



Company web site :

coregoldinc.com






Dynasty Goldfields Project :







Commenced mining operations at Dynasty Goldfields Project in early January 2017.
Mining and transportation of ore is contracted out.
Ore transported approximately 180 km by road to Zaruma processing facility.
Production from a number of small open pits, Zaruma mill currently processing 750 - 800 tpd .

News release of contract mining agreement :
coregoldinc.com

Measured Resource : 2,909,000 tonnes grade, 4.7 gpt au, 38.1 gpt ag : 437,000 oz au, 3,567,000 oz ag
Indicated Resource : 3,958,000 tonnes grade, 4.6 gpt au, 38.3 gpt ag : 585,000 oz au, 4,936,000 oz ag
Inferred Resource : 7,825,000 tonnes grade, 4.4 gpt au, 38.5 gpt ag : 1,118,000 oz au, 9,901,000 oz ag

Dynasty Goldfields Technical Report :
dynastymining.com

(See pages 47 - 51 for the tabled resources by vein, in particular the Iguana Vein)



General location of Core Gold Projects in the Dynasty Gold-Copper Belt in Southern Ecuador













Linderos Project :









Linderos Project Trenching Map
coregoldinc.com


Initial trench sample results for Linderos include :

21.00m at 18.51 g/t Au
19.95m at 14.31 g/t Au
18.20m at 14.74 g/t Au

17.00m at 13.70 g/t Au
18.00m at 10.10 g/t Au
2.00m at 326.8 g/t Au







Zaruma Project :





Mill capable of processing 1,000 tpd in current configuration with potential to increase
to 2,000 tpd with $3 million capital investment.

Mill currently being fed with 750 - 800 tpd material from Dynasty Goldfields project.

No production at Cabo de Hornos mine at present.
7.5 km of underground development down to 700 meters in depth.


Measured Resource : 1,590,000 tonnes, grade 13.48 gpt au : 689,000 oz au
Indicated Resource : 1,030,000 tonnes, grade 12.18 gpt au : 405,000 oz au
Inferred Resource : 3,700,000 tonnes, grade 12.12 gpt au: 1,448,000 oz au

Preliminary Economic Analysis for Zaruma Project:
dynastymining.com

Zaruma Project Resource chart : Veins



Jerusalem Project :


Located approximately 25km to the south of Lundin Gold's Fruta del Norte Project.


No current activity on the Jerusalem Project .

Measured resource : 379,000 tonnes grade 14.2 gpt au, 76.0 gpt ag : 173,000 oz au, 926,000 oz ag
Indicated resource : 576,000 tonnes grade 13.5 gpt au, 81.0 gpt ag : 249,000 oz au, 1,495,000 oz ag
Inferred resource : 1,775,000 tonnes grade 15.0 gpt au, 98.0 gpt ag : 856,000 oz au, 5,569,000 oz ag

Jerusalem Project Technical report :
dynastymining.com




Share Structure as of October 14, 2017

Shares Issued and Outstanding: 106,842,412

Warrants Outstanding:

3,000,000 exercisable @ $0.15 expiry date Sept. 15, 2018 (Vertex)
750,000 exercisable @ $0.33 expiry date Apr. 3, 2019 (Credipresto)
250,000 exercisable @ $0.35 expiry date Apr. 25, 2019 (Credipresto)


**2,967,503 full warrants exercisable @ $0.45 expiry date June 30, 2019 (5,935,006 half warrants from 1st tranche of June 2017 financing)
**1,642,833 full warrants exercisable @ $0.45 expiry date July 14, 2019 (3,285,666 half warrants from 2cd tranche of June 2017 financing)
**811,457 full warrants exercisable @ $0.45 expiry date Aug 3, 2019 (1,622,914 half warrants from 1st tranche of July 27 2017 financing)
**1,277,543 full warrants exercisable @ $0.45 expiry date Sept 1 2019 ( 2,555,086 half warrants from 2cd tranche of July 27,2017 financing)
**1,016,612 full warrants exercisable @ $0.45 expiry date Sept 15, 2019 (2,033,244 half warrants from 1st tranche of Sept.6, 2017 financing )
**1,790,832 full warrants exercisable @ $0.45 expiry date Oct. 13, 2019 (3,581,664 half warrants from 2cd tranche of Sept.6, 2017 financing )

**subject to acceleration in the event that the closing price of the Common Shares is $0.60 or higher over a period of ten (10) consecutive trading days.


Options : 8,426,000

1,490,000 @ $0.64 expiry date July 16, 2018
623,000 @ $0.89 expiry date Jan 1 2019
35,000 @ $1.48 expiry Jun19 2019
25,000 @ $1.61 expiry July 28 2019
1,678,000 @ $0.92 expiry date Nov 21 2019
125,000 @ $0.79 expiry date Apr 8 2020
50,000 @ $0.36 expiry date Mar 14 2021
4,400,000 @ $0.23 expiry date Dec 7 2021




Promissory Notes : (Held by Vertex Managed Value Portfolio and Vertex Enhanced Income Fund)

1. Promissory notes in the aggregate principal amount of $1.5-million (U.S.) bearing interest at 12 per cent per annum
and maturing on Sept. 15, 2017;
2. Promissory notes in the aggregate principal amount of $1.5-million (U.S.) bearing interest at 12 per cent per annum
and maturing on Sept. 15, 2018;
3. Freely assignable convertible promissory notes in the aggregate principal amount of $1-million (U.S.) bearing interest
at 12 per cent per annum and maturing on Sept. 15, 2018, convertible into common shares of the company at 30 cents per share;
(subject to a fixed foreign exchange rate of CAD$1.2895/US$1.00) or 4,298,333 shares


Convertible Debentures : (Held by Credipresto SAPI de CV SOFOM ENR)

$1-million (U.S.) convertible secured subordinated debenture at 12 per cent per annum and maturing Jan. 2019.
$0.25 per share conversion rate, based on the noon Bank of Canada Canadian-dollar/U.S.-dollar exchange rate
on the date immediately preceding the closing of the offering; Secured through a pledge of all of the issued and
outstanding share capital of Elipe SA, an indirect wholly owned subsidiary of the company, ranking behind the
Vertex loans outstanding; Based on current exchange rates, if the convertible debenture is fully converted into
common shares of the company, approximately 5,241,600 common shares of the company would be issuable
to Credipresto.


$500,000 (U.S.) secured convertible debenture at a rate of 12% per annum payable quarterly in cash
and is fully secured through a pledge of all the issued and outstanding share capital of Elipe S.A., an
indirect wholly owned subsidiary of the Company, ranking behind the outstanding loans from
Vertex Managed Value Portfolio and Vertex Enhanced Income Fund. The principal amount of the Debenture
is convertible at any time at the option of the holder into common shares of the Company (the "Common
Shares") at a price of CAD$0.25 per Common Share, based on a Canadian dollar/US dollar exchange
rate of 1.3322. An aggregate of up to 2,664,400 Common Shares are issuable by the Company
on conversion of the Debenture, representing approximately 3.03% of the issued and outstanding
Common Shares on completion of the Private Placement.


$500,000 (U.S.) secured convertible debenture bears interest at a rate of 12% per annum payable quarterly
in cash and is fully secured through a pledge of all the issued and outstanding share capital of Elipe S.A.,
an indirect wholly owned subsidiary of the Company, ranking behind the outstanding loans from
Vertex Managed Value Portfolio and Vertex Enhanced Income Fund. The principal amount of the
Debenture is convertible at any time at the option of the holder into common shares of the Company
(the "Common Shares") at a price of CAD$0.26 per Common Share, based on a Canadian
dollar/US dollar exchange rate of 1.3516. An aggregate of up to 2,599,231 Common Shares are
issuable by the Company on conversion of the Debenture, representing approximately 2.96% of
the issued and outstanding Common Shares on completion of the Private Placement.




Fully Diluted Shares: 143,623,756




INSIDER HOLDINGS
( Information compiled from Sedi.ca, 2017 Annual Information Circular, and regulatory filing 62-103F1 on Sept 12, 2016 )


Keith Piggott (CEO) ……….10,458,965
Gregg Sedun (Director) …... 3,372,666
Gregg Sedun's Associate .... 3,281,000
Javier Reyes (Credipresto)...4,443,000

Total holdings …………... 21,555,631 common shares

Robert Washer (Chairman of the Board)
Cinergy Capital …………..11,231,284
Valorium Int’l ……………… 8,007,284
Held Directly .........................500,000.
Robert Washer Total ….. 19,738,568 common shares


Leonard Clough (Director)... 454,800
Mark Bailey (Director) ..........135,600



Total Insider Holdings … 41,884,599 common shares
Shares Outstanding …….106,842,412 common shares



% of insider holdings ----- 39.20 %











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ReplyMessage PreviewFromRecsPosted
1885There mining is a bust shut it down Only hope they get refinanced and drill the Rocket Red-2 hours ago
1884Rocket Red One further clarification. . "what they are mining is uselpstad60-8 hours ago
1883mindex, Came across another trench sample result while I was looking over the pstad60-yesterday
1882Time to get on the train. The window of opportunity is going to close quickly. Nmindex-yesterday
1881LoneClone, The article does present a good example of the skepticism the markepstad60-Monday
1880Thanks for the clarifications, but even with them this company is hanging on by LoneClone-Sunday
1879 Rocket Red key will be restructuring if they can pull it off it may get anothpstad60-last Thursday
1878 LoneClone, I won't disagree with the overall skepticism by the author inpstad60-last Thursday
1877key will be restructuring if they can pull it off it may get another life cycleRocket Red-last Thursday
1876 Rocket Red, the mine has been a disaster only hope left is maybe find somepstad60-last Thursday
1875pstad60 the mine has been a disaster only hope left is maybe find something newRocket Red-last Thursday
1874Rocket Red, That is IMGold's loss then, isn't it. We'll agree to dpstad60-last Thursday
1873IKN weighs in. Pretty accurate IMO incakolanews.blogspot.ca I do have a few shLoneClone-last Thursday
1872well drill it and see what results you get trench results you no how many juniorRocket Red-last Thursday
1871Rocket Red, Aurelian's discovery was what Core Gold's initial trench pstad60-last Thursday
1870The shear zone related gold bearing mineralized structures/veins correspond to eRocket Red-December 3
1869 Hello Rocket Red, Valid point, however, that information has been posted in tpstad60-December 3
1868CGLD -- As at September 30, 2017 the Company’s accounts payable includes some Rocket Red-December 3
1867 Core Gold Announces Proposed US$15,000,000 Debt Facility and $1,300,000 Privatpstad60-December 1
1866Core Gold Announces High Grade Gold Discovery at Linderos Target in Ecuador, Trepstad60-November 30
1865Company issued their Q3 Financials and MD&A last night. coregoldinc.com pstad601November 29
1864Core Gold Announces Year to Date Gold Production and Operational Results at New pstad601November 23
1863Core Gold starting to do some marketing ...... b-tv.com I spoke with Luis Zpstad60-November 15
1862 Core Gold Announces Closing of Oversubscribed Private Placement VANCOUVER, pstad60-October 14
1861Core Gold Announces the Completion of Name Change and New Trading Symbol “CGLD” LoneClone-September 28
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